Lawrenceburg, IN vs Madison, IN

Lawrenceburg, IN and Madison, IN have a very similar cost of living, with only a 2.9% difference in their overall index. Lawrenceburg scores 71 while Madison scores 73 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Lawrenceburg is $733/month compared to $827/month in Madison — a 11% difference. Interestingly, home values tell a different story: while Lawrenceburg has cheaper rent, Madison actually has lower median home values ($186,600 vs $191,400).

Median household income in Lawrenceburg is $52,778 compared to $57,050 in Madison (-7.5%). While Madison is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lawrenceburg spend roughly 16.7% of their income on rent, less than the 17.4% in Madison.